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TRIBUTE TO SUCCESSFUL LEAN CONFERENCE

(ltr) Pumza Soga (Vodacom) Prineshan Armichand (TLC) and Eleni Kwinana (executive head, EBU, Vodacom).

Mark Joseph of Illovo (left) and Duncan Reid (PDC).

Consensus is that the 2018 edition of the KZN Lean Conference conference was an unqualified success The event concluded at the Protea Hilton yesterday with insightful presentations on how companies are adopting the principles, including case studies by Pressure Die Castings and Voith Turbo. Presentations by the South African Quality Institute, Rieger Industrial Consultants and TLC MD Tanya Hulse added depth to the proceedings.  

 

Eleni Kwinana, Vodacom’s executive head for enterprise in KZN, flew the flag for the sponsors throughout the two-day event, including a presentation on how digital technology can Lean one’s business. She also opened proceedings on day two of the KZN Lean Conference.

   
   

TALKING LEAN TO LIKE-MINDED OTHERS

(ltr) Reynold Easthorpe (Express Employment Proffesionals), Shan Cade (Shan Cade Training and Consulting) and Vijen Harripersad (Somta).

(ltr) Kiren Desai, Brandon Schmid and Ido Rieger, all from Rieger Industrial Consultants.

Sharing information about Lean and learning from other companies is an important part of the Lean conference. When not engaged in the formal proceedings, delegates took time out to meet with other practitioners and share their experiences.

   
   
 
     
  Today in History  
     
 

1492: Two months after setting sail from Spain, Christopher Columbus, stepped foot on what is now the Bahamas. 

It’s time for the humble egg to be recognised in all its versatility, on World Egg Day.

 
     
  News worth knowing  
     
 

STATE PROPERTIES EARMARKED FOR LAND REFORM

The department of public works says it has identified thousands of properties  that could be used for land reform and human-settlement programmes. This follows requests for land from the departments of human settlements and rural development and land reform. The government has a massive property portfolio of more than 93 000 buildings and about 29 000 land parcels under the custodianship of the department of public works. Critics of the drive to amend section 25 of the constitution to allow for expropriation of land without compensation often say the government should focus on redistributing land it owns,  some of which is unaccounted for or underutilised. Public works minister Thulas Nxesi said 3 659 properties had been identified that could be used for farming. (BDLive)

 
 

WILL URBAN RENEWAL SPARK INVESTOR CONFIDENCE?

A ZAR2 billion project backed by RMH and Nedbank could kick-start the return of large corporations who deserted Johannesburg’s inner city in the 1990s, accelerating its decay, says mayor Herman Mashaba. While certain parts of the inner city have been rejuvenated, largely in the lead-up to the 2010 Soccer World Cup, many sections are suffering from poor infrastructure, bad spatial planning, inadequate transport links, a lack of new businesses doing trade and crime. Speaking at the launch of the Divercity Urban Property Fund in Newtown on Wednesday, Mashaba likened the property opportunity offered by the inner city to the "second discovery of gold. I believe that this project can be the start of something which sees the private sector commit to the city again. (BDLive)

 
 

ARCELORMITTAL SETS SIGHTS ON EXPORTS

With current steel demand in SA almost at a 10-year low, steelmaker ArcelorMittal is looking for export opportunities in the rest of Africa, says CEO Kobus Verster. The domestic steel demand looks set to be lethargic for longer, with economic growth being slow. The IMF this week lowered its economic forecast for 2018 to 0.8%, from 1.5%. It also lowered the 2019 forecast from 1.7% to 1.4%. “Most steel companies require a reasonably strong local demand to be profitable. We are at the bottom of the cycle at this point in time and steel demand is severely impacted, with the current steel consumption in SA almost at a 10-year low,” Verster said. He said the company wanted a bigger market share in the rest of Africa as there was no evidence of growth in domestic demand. (BDLive)

 
 

SANLAM’S MOROCCAN SAFARI ON TRACK 

Sanlam said it fulfilled all the conditions for the ZAR16 billion purchase of the shares it doesn’t already own in Morocco’s Saham Finances SA after regulators approved the deal. Its biggest acquisition yet deepens Sanlam’s presence in 33 markets across North Africa, the Middle East, southern, East and West Africa. Sanlam’s acquisition of the remaining 53.37% of Saham Finances, announced in March, brings its total investment in the company to almost ZAR25 billion since February 2016. (Fin24)

 
 

ZIM HOPES TO RING TRUE WITH TELKOM

Zimbabwe’s state-owned mobile operator has begun talks with Telkom about a possible joint venture, the head of the country’s privatisation agency said. Zimbabwe’s treasury is accelerating the sale of government assets to raise money needed to fix infrastructure such as roads and hospitals that have fallen into disrepair after almost two decades of misrule under former president Robert Mugabe. NetOne is one of at least 35 companies earmarked by the state to be offered to private investors. Zimbabwe has three mobile phone companies: Econet Wireless Zimbabwe, Telecel Zimbabwe and NetOne. (Bloomberg)

 
 

HEALTH APP TO RELIEVE STRESS ON MEDICAL SYSTEMS

A free app that lets patients do quick health checkups on themselves is the centerpiece of a Gates Foundation-backed project to bring better care to poor regions of Africa and eastern Europe. The medical app will be the first of its kind available in Swahili, and will also be offered free in Romania, tech startup Ada Health GmbH said on Wednesday in a statement. The project, also receiving funding from the Swiss-based Fondation Botnar, will open up Ada’s artificial-intelligence-enabled health advice to some two million people in areas with little access to hospitals and providers. Ada’s software is designed to help patients determine whether they need care and put them in touch with nearby services when they’re required, relieving pressure on health systems. (Fin24)

 
 

IMF FRETS OVER TRADE TENSIONS

The IMF says the world economy is plateauing as the lender cut its growth forecast for the first time in more than two years, blaming escalating trade tensions and stresses in emerging markets. On the eve of its annual meetings in Bali, Indonesia, the fund projected a global expansion of 3.7% in 2018 and 2019, down from the 3.9% projected three months ago. It was the first downgrade since July 2016. While the global economy is still on track to match 2017’s pace, which was the strongest since 2011, the new outlook suggests fatigue is setting in and the overall performance masked divergence with mounting weakness in emerging markets from Brazil to Turkey.  Risks to the global outlook have risen in the last three months and tilt to the downside, the IMF said. Threats include a further inflaming of the trade war between the US and countries including China, and a sharper-than-expected rise in interest rates, which would accelerate capital flight from emerging markets. (Bloomberg)

 
 

BIG OIL LAMENTS DISINVESTMENT PUSH

BP boss Bob Dudley slammed the divestment movement that is calling on institutional investors to sell down their oil stocks, rejecting warnings from the likes of the Bank of England that hydrocarbons are a risk to the financial system. There are "people who want to drive a wedge between the energy industry and investors – between oil and money", Dudley said at the Oil & Money conference in London. The criticism puts the British oil major at odds with the country’s central bank. Governor Mark Carney has suggested that the fight against climate change could leave some oil reserves stranded – effectively worthless – and that the exposure of UK investors is "potentially huge". Now asset managers are increasingly prodding the world’s biggest polluters to come up with stronger environmentally sound strategies. (Reuters)

 
 

MORE NEWS, NOTICES AND APPEALS 

 

GLOBAL LEADERSHIP SUMMIT LIVE IN CITY
The Global Leadership Summit is a two-day event that is video-cast from Willow Creek Community Church in Chicago, first to more than 550 locations in North America and then in an additional 675 cities, 125 countries and translated into 65 languages. More than 445 000 leaders around the world are expected to participate this year. Speakers include Simon Sinek, Dr David Livemore, Sheila Heen and a returning Juliet Funt. The event on October 26 and 27 is organised by All Saints United Church In Pietermaritzburg and interested parties are urged to contact (033) 3473177 or email admin@allsaintschurch.co.za. To register or for more information, visit www.willowcreeksa.co.za.

 
     
  Advertorial  
     
   
 

LA ROSE WEDDING, FUNCTION AND EVENT VENUE

 

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Diverse options are available – we mainly offer DIY/self-catering - however we will assist you on your journey with lists of accommodation and preferred suppliers to create the perfect package to suit your budget. We are also available to plan and create a complete package if you so require. 
 
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CONTACT US FOR YOUR NEXT CORPORATE EVENT, TEAM BUILD, WEDDING OR BIRTHDAY CELEBRATION
 
Email: info@larosedesvents.co.za
Cell: 082 445 6441 / 072 456 1097
Website: www.larosedesvents.co.za

 
     
  QUOTE  
     
 
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The object of education is to prepare the young to educate themselves throughout their lives.

Robert M. Hutchins

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